World · Regulation · United Kingdom ·
UK government expands Bank of England's remit to support stablecoin innovation
The UK government plans to expand the Bank of England's formal mandate to include support for digital payments innovation, including stablecoins, while maintaining financial stability as the primary goal.
Why it matters for the crypto market
This regulatory shift clarifies official support for stablecoin infrastructure and integrates crypto-native payments into UK monetary policy oversight.
Source: cointelegraph.com
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